ID :
192405
Sat, 07/02/2011 - 10:53
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http://m.oananews.org//node/192405
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Thai authority cuts cooking palm oil price down by five baht/litre
BANGKOK, July 2 (TNA) - Thailand’s Ministry of Commerce has approved a nationwide retail price cut for cooking palm oil by five baht a litre, from 47 baht to 42 baht a litre, effective from Saturday.
Watcharee Wimuktayon, Director General of the ministry’s Department of Internal Trade, confirmed the five-baht price reduction for cooking palm oil, saying that the new move followed a continuing drop of raw oil palm prices recently to 4.50-5.40 baht a kilogram now, sending raw palm oil prices down to about 28-30 baht a kilogram.
The senior Thai Commerce Ministry official said, however, that the retail price of cooking soybean oil has remained unchanged at 55 baht a litre. (TNA)
Watcharee Wimuktayon, Director General of the ministry’s Department of Internal Trade, confirmed the five-baht price reduction for cooking palm oil, saying that the new move followed a continuing drop of raw oil palm prices recently to 4.50-5.40 baht a kilogram now, sending raw palm oil prices down to about 28-30 baht a kilogram.
The senior Thai Commerce Ministry official said, however, that the retail price of cooking soybean oil has remained unchanged at 55 baht a litre. (TNA)
